Tata Power Company’s stock saw a nearly 2% increase following the announcement of Tata Power Renewable Energy Ltd (TPREL), its subsidiary, commissioning the 126 MW Omkareshwar floating solar project in Madhya Pradesh. This installation, awarded by NHDC with an EPC contract valued at ₹596 crore, is one of India’s largest floating solar projects and supplies green power to the Madhya Pradesh Power Transmission Company (MPPTCL).
Key Highlights of the Omkareshwar Floating Solar Project:
- Capacity: 126 MW, with an estimated annual generation of 204,580 MWh.
- Environmental Impact: Expected to offset 173,893 tonnes of CO₂ emissions each year and conserve approximately 32.5 million cubic meters of water by reducing evaporation from the reservoir.
- Technology: Equipped with 213,460 bifacial glass-to-glass modules, robust mooring systems, wave breakers, ballast anchors, and adaptive cableways. It also hosts the world’s largest inverter floating platform over a water area of 260 hectares.
- Unique Location: Positioned between the Indirasagar and Omkareshwar hydroelectric reservoirs, the project overcame complex environmental and logistical challenges, including fluctuating water levels and high winds, completing construction within 26 months.
As of 9:29 AM, Tata Power shares were trading 1.31% higher at ₹404.60 on the NSE. The successful commissioning of the Omkareshwar project enhances Tata Power’s renewable energy portfolio and reinforces its commitment to sustainable energy solutions, making it a stock to watch in the green energy sector.
